Which of the following is not true regarding bankruptcy and divorce frauds?
a. Bankruptcy or divorce is used to justify the fraud.
b. Bankruptcy or divorce is used to perpetuate the fraud.
c. Bankruptcy or divorce is used to conceal fraud.
d. Bankruptcy or divorce is used to cash out of the fraud.
d
FEEDBACK: a. Incorrect. Some spouses will seek divorce to salvage reputation.
b. Incorrect. Some perpetrators use the "stay" for fraud.
c. Incorrect. Result in the destroying of books and records.
d. Correct.
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